Market Trends

Various types of air conditioners such as central air conditioners, dehumidifiers, and ductless split system, portable are used in hazardous locations. However, central air conditioners are widely used and generated a revenue of $76.83 million in 2017 and is expected to rise with a CAGR of 1.87% during 2018 – 2023. The Middle East region holds the highest share of hazardous location air conditioner market as is estimated to grow with a CAGR of 1.35% during the forecast period of 2018-2023. The rise of different industries such as oil and gas, petroleum and food processing and the need for cooling systems in such hazardous locations to prevent explosions are some of the factors responsible for the growth of this industry. What are hazardous location air conditioners? Hazardous location air conditioning units are designed to operate in the most difficult application by providing safe air conditioning for equipment and personnel. These air conditioners reduce the heat accumulation and ma